
Prada Holds Organic Revenue Growth at 1% as China Foot Traffic Softens
Flat Asia-Pacific sales and weaker footfall in mainland China offset gains elsewhere as group revenue reached €1.49 billion.
Tag
309 stories in this topic

Flat Asia-Pacific sales and weaker footfall in mainland China offset gains elsewhere as group revenue reached €1.49 billion.

Overall passenger car retail sales across the country are projected to fall 28.9 per cent to 1.6 million units.

Online transactions in Southeast Asia reached $191 billion while India expanded 20 percent, outpacing mature Western retail corridors.

First-half revenue across Australia and New Zealand is projected to fall up to 14 per cent.

Australians will spend 2 per cent more this Halloween despite 400,000 fewer shoppers participating under cost of living pressures.

Currency shifts diverting spending to Japan and weak domestic consumer confidence curb demand for high-end apparel and leather goods across mainland boutiques.

Urbis data covering 516 shopping centres shows food catering sales rose 7.5 per cent while outer suburban malls lagged behind downtown precincts.

Economists credit the idol support culture known as oshikatsu with pulling the sector out of a long slump through merchandise, concerts, and streaming.

The surge brought North American visitors to about 30 percent of foreign sales at the South Korean chain, trailing only shoppers from Greater China.

Refrigerator and apparel sales also posted double-digit growth in the July-September quarter despite price increases.

A 24.8 percent drop in vehicle assembly lines pulled down broader consumer durable spending and factory investment across South Korea.

LVMH shares touched six-year lows following an 11 per cent drop in September, hit by weakening sales across Asia ex-Japan and the United States.

The flagship SUV accounted for more than 62 per cent of the brand’s volume through August as price adjustments and a five-seat layout widened its market reach.

A worsening property market downturn and investment slump reinforced concerns over economic imbalances in the world’s second-largest economy.

Persistent cost of living pressures led households to curb discretionary purchases, catching shopping mall and high street operators off guard.

The country’s annual trade surplus topped $800 billion as Beijing policymakers face mounting pressure to deliver new economic stimulus.
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.